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NY S03618
Bill
Status
Engrossed
6/10/2015
Primary Sponsor
Joseph Griffo
Click for details
AI Summary
- Changes the penalty for unlicensed check cashing from a class A misdemeanor to a class E felony
- Imposes a fine of $2,500 for each transaction made in violation of the unlicensed check cashing prohibition
- Applies to any person, partnership, association, corporation, and their members, officers, directors, agents, and employees
- Takes effect 120 days after becoming law
Legislative Description
Increases penalties for individuals or companies who engage in the business of cashing checks, drafts or money orders for consideration without a license; makes such violation a class E felony; provides for a fine of $2,500 for each transaction.
Last Action
referred to banks
5/23/2016
Committee Referrals
Banks5/23/2016
Banks1/6/2016
Banks6/10/2015
Banks2/13/2015
Full Bill Text
No bill text available